Tag Archives: Toncoin

Bitcoin

Toncoin On Fire: Crypto Explodes To All-Time High

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Telegram-backed Toncoin (TON) has been the discuss of the crypto city currently, its worth hovering to a record-breaking $8.15 earlier than settling round $7.60. This dramatic rise, coupled with technical indicators flashing each warning and bullish alerts, has buyers on the sting of their seats, questioning: is that this a short-lived social gathering or the start of a significant ascent?

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Cup, Deal with Hints At Takeoff, However TDS Warns Of Bumpy Trip

Analysts are divided on TON’s instant future. Crypto technician Ali Martinez throws a bucket of chilly water on the latest euphoria, pointing to a “promote sign” on the TD Sequential indicator. This implies a possible worth correction lasting 1-4 buying and selling classes.

Buyers bracing for a dip ought to discover solace within the Fibonacci retracement ranges appearing as potential assist nets. These ranges sit at $7.44, $7.29, and presumably even $7.18, providing TON a tender touchdown throughout the descent.

Nonetheless, Ali’s short-term bearishness is countered by Alex Clay’s long-term bullish perspective. Clay, one other crypto analyst, sees a bullish “Cup and Deal with” sample brewing on the charts. This sample, traditionally a good friend of bulls, suggests a continuation of the uptrend after a consolidation section.

The analyst additional strengthens his bullish case by pointing to TON’s latest breakthrough of a significant resistance zone, which is now anticipated to behave as a springboard for additional good points.

Toncoin’s Technicals Whisper Of Additional Ascent

Clay doesn’t cease at mere sample recognition; he throws down some critical worth targets. Based mostly on the measured transfer of the Cup and Deal with sample, Clay predicts TON reaching a cool $10.50, with an much more formidable goal of $11.60.

TON market cap presently at $17.8 billion. Chart: TradingView.com

Zooming into the one-day chart, technical indicators paint the same image. The worth faces resistance round $7.65, a stage it’s examined a number of occasions. If TON can muscle via this hurdle, the subsequent cease could possibly be a wonderful $8.28. The 100-day EMA (Exponential Transferring Common) at a supportive $6.01 additional strengthens the bullish case, appearing as a security web if a correction does happen.

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Wild Trip Forward

Whereas the TD Sequential indicator suggests a possible short-term correction, the technical indicators and bullish chart patterns trace at a powerful chance of TON persevering with its upward trajectory. Buyers ought to buckle up for a doubtlessly wild journey, with short-term dips providing alternatives for these with robust stomachs and long-term imaginative and prescient.

Featured picture from Asia Crypto Right this moment, chart from TradingView

Bitcoin

Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars

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Toncoin, the brainchild of messaging app large Telegram, is making waves within the cryptocurrency world. A current report by CryptoQuant, a number one crypto evaluation platform, has recognized Toncoin as one of many fastest-growing blockchain networks. Whereas established giants like Bitcoin reign supreme in each day transaction quantity, TON’s development metrics paint a compelling image of a community poised for a breakout.

Transaction Velocity: A David-Vs-Goliath Story

Whereas Bitcoin processes a staggering $50 billion each day in transactions, TON’s each day quantity sits between $5-$10 billion. This, at first look, may look like a David-and-Goliath state of affairs. Nevertheless, there’s an important element to think about: TON is just 4 years outdated, a mere pup in comparison with Bitcoin’s seasoned presence. This speedy climb in transaction quantity for such a younger community suggests a rising urge for food for TON’s capabilities, significantly for facilitating massive transfers of digital property.

Crypto evaluation reveals a tenfold improve in TON token holders over the previous yr, skyrocketing from 2.9 million to over 30 million. This surge in consumer adoption suggests a rising belief within the community and will doubtlessly pave the best way for a extra sturdy and vibrant TON ecosystem. A bigger consumer base interprets to a wider pool of developer expertise, elevated alternatives for innovation, and finally, a stronger community impact that draws much more customers.

Messaging App Integration: A Catalyst For Crypto Adoption?

The distinctive benefit TON possesses lies in its connection to Telegram, probably the most well-liked messaging apps globally, boasting over 900 million customers. This integration has the potential to be a game-changer for crypto adoption.


Challenges Forward For Toncoin

Nevertheless, there are nonetheless hurdles to beat. The regulatory panorama surrounding cryptocurrencies stays complicated, and TON might want to navigate these challenges to realize mainstream adoption. Moreover, questions linger in regards to the scalability of the TON community. Can it deal with the huge inflow of customers that Telegram’s integration may convey?

In the meantime, as TON boasts spectacular development in customers and transaction quantity, its token worth hasn’t fairly mirrored this enthusiasm. Within the final 24 hours, TON has dipped 0.5%, and over the previous week, it’s down 10.4%.

Featured picture from California Enterprise Journal, chart from TradingView

Bitcoin

Toncoin: $1 Billion Whale Activity Shakes Up Price

Regardless of a current surge in exercise from massive buyers, also known as “whales,” the value of Toncoin (TON) seems headed for choppier waters. This comes as analysts elevate issues in regards to the cryptocurrency’s weakening technical indicators and its potential breach of a key assist stage.

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Whales Make A Splash, However Can They Save The Day?

In a current report, Joao Wedson, a crypto analyst at CryptoQuant, noticed a major spike in whale exercise on the Toncoin community. Transactions exceeding 100,000 TON (roughly equal to $645,000 at present costs) surpassed a staggering $1 billion up to now few weeks. This means that main holders have been actively transferring massive quantities of TON, however the goal behind these actions stays unclear.

Whereas the whales are definitely making a splash, Wedson stated it’s not essentially translating to clean crusing for TON’s worth. He identified that whereas massive transactions dominate the community’s quantity (over 50%), their influence on the value appears negligible. Conversely, smaller transactions, though constituting the vast majority of total exercise, contribute a a lot smaller share of the whole quantity.

Technical Indicators Flash Purple

Toncoin’s worth has been exhibiting indicators of weak point regardless of the inflow of whale exercise. Notably, TON just lately dipped beneath its 20-day Exponential Shifting Common (EMA), a technical indicator used to gauge short-term traits. This means that the common worth of TON over the previous 20 days has been on a downward slope, signifying a shift in the direction of promoting stress.

Toncoin is at present buying and selling at $6.52. Chart; TradingView

Including to the bearish sentiment is the upcoming crossover of the Shifting Common Convergence Divergence (MACD) indicator. The MACD line seems poised to fall beneath its sign line, which historically signifies a lack of upward momentum and a possible worth decline.

These technical indicators are flashing pink flags for TON. If the value breaches the decrease line of its ascending channel, which has been performing as a assist stage, a drop to $5.70 is a definite risk.

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Is This A Shopping for Alternative Or A Sinking Ship?

The present scenario surrounding Toncoin presents a conundrum for buyers. The substantial whale exercise hints at potential bullish curiosity, however the technical indicators paint a bleak image.

The important thing query stays: are the whales accumulating or distributing? In the event that they’re accumulating, this may very well be a shopping for alternative earlier than the value rebounds. Nonetheless, in the event that they’re promoting off their holdings, it may very well be an indication of a distressed ship.

Featured picture from Vikks/Shutterstock, chart from TradingView

Bitcoin

Toncoin Soars 32% On Back Of Pantera Capital’s Mega-Investment

Toncoin (TON), the native token of the Telegram Open Community (TON), is experiencing a meteoric rise after a serious funding from enterprise capital big Pantera Capital. The information despatched optimistic vibes via the crypto market, propelling TON’s worth over 30% within the weekly timeframe, and reigniting investor enthusiasm for the mission.

Supply: Coingecko

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Pantera Bets Large On TON’s Mass Adoption Potential

Pantera Capital, a frontrunner in blockchain investments, has made a major transfer by inserting a hefty guess on the Toncoin ecosystem. Whereas the precise funding quantity stays undisclosed, business whispers counsel it may surpass the $250 million Pantera spent on discounted Solana (SOL) tokens final yr. This strategic funding underscores Pantera’s perception in TON’s potential to grow to be a mainstream cryptocurrency.

Supply: Pantera Capital

“We’ve invested closely in TON as a result of it has the distinctive means to introduce crypto to the lots,” declared Pantera Capital in a current weblog publish. They level to TON’s seamless integration with Telegram, a messaging app boasting a staggering consumer base exceeding 800 million.

Pantera envisions TON leveraging Telegram’s user-friendly interface and huge consumer pool to grow to be a dominant drive within the crypto panorama.

Whole crypto market cap presently at $2.2 trillion. Chart: TradingView

TON Value Rallies On Constructive Developments

Pantera’s bullish stance on TON comes on the heels of a sequence of optimistic developments for the mission. On the current Token2049 convention in Dubai, Telegram co-founder Pavel Durov unveiled a roadmap for integrating TON functionalities immediately throughout the Telegram app.

This consists of plans to permit customers to log in to their Telegram accounts utilizing crypto wallets, additional blurring the traces between conventional messaging and the world of blockchain.

TON seven-day worth motion. Supply: Coingecko

The information of Pantera’s funding, coupled with Telegram’s dedication to TON integration, fueled a shopping for frenzy within the TON market. The token worth surged close to the $7 mark, inching nearer to its all-time excessive of $7.25. This worth improve displays renewed investor confidence in TON’s future prospects.

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Overcoming Regulatory Hurdles: A Look Again

Regardless of the present wave of optimism, TON’s journey hasn’t been with out challenges. In 2019, the US Securities and Trade Fee (SEC) issued a restraining order in opposition to Telegram, successfully blocking the launch of its deliberate Gram token.

The SEC alleged that the Gram ICO violated securities legal guidelines. Nevertheless, the Telegram crew persevered, and the TON ecosystem continued to evolve with TON coin rising as its central foreign money.

A New Chapter For Toncoin?

Pantera Capital’s funding and Telegram’s continued dedication to TON integration mark a major turning level for the mission. With a sturdy messaging platform as its basis and the backing of a distinguished funding agency, TON is well-positioned to bridge the hole between mainstream customers and the world of cryptocurrency.

Featured picture from GoodFreePhotos, chart from TradingView

Bitcoin

TON Price Surges 15% In A Day But Signs of Bullish Exhaustion Emerge

TON worth rallied practically 15% and traded above the $6.50 resistance. Toncoin is now displaying a couple of indicators of development exhaustion and may appropriate positive factors.

  • Toncoin jumped above the $6.20 and $6.50 resistance ranges.
  • The worth is now buying and selling above $6.50 and the 100-hourly Easy Transferring Common.
  • There’s a key parabolic curve forming with assist at $6.80 on the hourly chart of the TON/USD pair (knowledge supply from Kraken).
  • The pair might begin a draw back correction if it declines beneath $6.80 and the $6.60.

TON Value Reaches $7

Lately, TON worth began a powerful enhance from the $5.60 assist zone. It climbed above the $6.20 resistance zone. It gained practically 15% in a day and outperformed Bitcoin and Ethereum.

Toncoin traded near the $7.00 degree. A excessive was fashioned at $6.93 and the value is now consolidating positive factors. It’s buying and selling close to the $6.80 zone and effectively above the 100-hourly Easy Transferring Common. There’s additionally a key parabolic curve forming with assist at $6.80 on the hourly chart of the TON/USD pair.

Speedy resistance is close to the $6.92 degree. The primary key resistance is close to $7.00. A detailed above the $7.00 resistance zone might spark a powerful enhance.

Supply: TONUSD on TradingView.com

The subsequent key resistance is close to $7.20. If the bulls stay in motion above the $7.20 resistance degree, there may very well be a rally towards the $7.55 resistance. Any extra positive factors may ship the value towards the $8.00 resistance.

Draw back Correction In Toncoin?

If Toncoin worth fails to clear the $6.90 resistance zone, it might begin a draw back correction. Preliminary assist on the draw back is close to the $6.80 degree and the parabolic curve, beneath which the value may take a look at the 23.6% Fib retracement degree of the upward transfer from the $5.61 swing low to the $6.93 excessive.

The subsequent main assist is at $6.25 or the 50% Fib retracement degree of the upward transfer from the $5.61 swing low to the $6.93 excessive. If there’s a draw back break and a detailed beneath the $6.25 degree, the value may speed up decrease. Within the acknowledged case, the value might retest the $6.00 assist zone.

Technical Indicators

Hourly MACD – The MACD for TON/USD is now shedding tempo within the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for TON/USD is now above the 70 degree.

Main Assist Ranges – $6.80 and $6.60.

Main Resistance Ranges – $6.90 and $7.00.

Bitcoin

TON Price Soars 9% On Pantera Capital’s Investment, Capitalizing On Telegram User Potential

Enterprise capital agency Pantera Capital has invested considerably in The Open Community blockchain. The information, introduced on Thursday, resulted in a 9% surge within the community’s native token, Toncoin (TON), pushing its worth above the $5 mark.

Pantera Capital Bullish On TON And Telegram Integration

In a assertion, Pantera Capital expressed enthusiasm about their newest funding in TON. The Layer 1 community, initially conceived by Telegram and continued by the open-source neighborhood, can doubtlessly introduce cryptocurrency to the lots because of its intensive utilization throughout the Telegram community. 

Telegram, utilized by over 900 million month-to-month lively customers, is thought for private and group communication, neighborhood constructing, content material sharing, and extra. Pantera Capital believes that by leveraging Telegram’s huge consumer base and consumer expertise, mixed with TON’s rising ecosystem, the community might turn out to be one of many largest within the cryptocurrency house. Pantera’s announcement additional reads:

We at Pantera Capital are thrilled to announce our newest funding in TON, a Layer 1 community initially designed by Telegram and continued by the open-source neighborhood.  We consider TON has the capability to introduce crypto to the lots as a result of it’s used extensively throughout the Telegram community. 

The combination of TON with Telegram aligns with the platform’s imaginative and prescient of offering a “seamless” and “borderless” expertise for peer-to-peer (P2P) funds inside its consumer base. 

Tether’s Integration With The Open Community

As beforehand reported by NewsBTC, Tether, the corporate behind the most important stablecoin available in the market, USDT, not too long ago introduced the launch of its USDT dollar-pegged token and Tether Gold (XAUT) on The Open Community. 

This integration additional will increase the potential for P2P funds inside Telegram’s intensive consumer base, a prospect that Pantera Capital goals to capitalize on.

Along with the funding in TON, Pantera Capital is actively pursuing the launch of a brand new fund, Pantera Fund V, to lift over $1 billion. This fund goals to offer buyers with various funding choices throughout the blockchain asset spectrum, encompassing startup fairness, early-stage tokens, and liquid tokens.

The brand new fund has established a minimal funding threshold of $1 million for certified buyers, and the primary shut is scheduled for April 1, 2025. 

Insiders aware of the matter have indicated that Pantera Fund V is anticipated to succeed in the same measurement as its predecessor, which efficiently amassed roughly $1.25 billion in capital two years in the past.

TON
The every day chart exhibits TON’s value trending upwards. Supply: TONUSD on TradingView.com

Following the disclosure of Pantera Capital’s funding in The Open Community, the value of TON skilled a notable 9% surge on Thursday, reaching a present buying and selling value of $5.09. This improve comes after a major value decline, with TON dropping as little as $4.6 after reaching its all-time excessive (ATH) of $7.65 in mid-April.

Featured picture from Shutterstock, chart from TradingView.com 

Disclaimer: The article is supplied for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your individual analysis earlier than making any funding choices. Use data supplied on this web site fully at your individual threat.